The capital structure includes a $32,700,000 fixed-rate loan at a 43.32% LTV. The debt is structured over a 14.7-year term with an underwritten initial DSCR of 1.35 to 1.00.
Leverage profile
Loan amount$32.70M43.3% of offering · 43.32% LTV
Offering equity$42.78M56.7% of offering
Loan Amount
$32,700,000
Term
14.7 Years
Interest Rate
—
Fixed / Variable
Fixed-rate
Prepayment Penalty
—
DSCR
1.35 to 1.00
Acquisition LTV
43.32%
Offering LTV
43.32%
Strengths
- Conservative 43.32% LTV
- Long-term fixed-rate financing over 14.7 years
Concerns
- Modest initial DSCR of 1.35 to 1.00